Atlanta Journal-Constitution: Capitol Recap: Get ready, Georgians, the money is coming
First, the state saw a $3.7 billion surplus for the fiscal year that ended June 30, partly because of massive federal COVID-19 relief funding. Then tax collections continued to climb in the current fiscal year, running 16% ahead of last year for the first eight months.
So the governor proposed the tax refunds, as well as raises for state workers and university employees. State officials hope the extra pay will help stem the high turnover rate among state workers, including many who have seen little or no salary boost in recent years.
Valdosta Today: Georgia leaders sign Amended Fiscal Year 2022 Budget
Governor Brian P. Kemp, joined by Lt. Governor Geoff Duncan, House Speaker David Ralston, House and Senate Appropriations Chairmen Terry England and Blake Tillery, and leaders from several Georgia state agencies, signed the Amended Fiscal Year 2022 Budget, HB 910, for the State of Georgia.
Associated Press: Georgia governor signs amended budget with more pay, refunds
House Bill 910 covers the budget year ending in June. It includes $5,000 pay boosts for state agency employees and $2,000 bonuses for teachers and other school workers. It also restores more than $380 million to the state’s K-12 funding formula that had been cut when lawmakers feared revenue decreases at the beginning of the pandemic.
Atlanta Journal-Constitution: Kemp signs midyear spending plan with raises, bonuses, tax refund
The budget includes $1.6 billion for state income tax refunds that Kemp proposed earlier this year after the government ran a surplus in fiscal 2021. A state fiscal note last week suggested the refund program, which would give single tax filers a $250 refund and joint filers $500, would actually cost closer to $1.1 billion.
CBS 46: New state budget brings pay raises, tax refunds some Georgians
Some Georgians could be seeing more money in their paychecks very soon thanks to an amended state budget that was signed on Wednesday, increasing pay for state employees, teachers, and corrections officers.
The $30.2 billion spending plan, which adds $3 billion in expenditures from the original budget, passed for the fiscal year that ends June 30. It now heads to Gov. Brian Kemp for his signature.
Original source found here.
